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AI has potential to enable collusion; regulators need to adopt forward-looking approach: CCI chief
Ravneet Kaur, chairman, Competition Commission of India "Today's...
At least 33 dead as tornadoes ravage central US
"Numerous significant tornadoes, some of which may be long-track...
Facebook spent over $13 bln on safety, security since 2016
Facebook played down the negative effects on young users of its Instagram app and had a weak response to alarms raised by employees over how the platform is used in developing countries by human traffickers, the Wall Street Journal reported last week, citing a review of internal company documents. read more
“In the past, we didn’t address safety and security challenges early enough in the product development process,” the company said in a blog post. “But we have fundamentally changed that approach.”
Biden sanctions cryptocurrency exchange over ransomware attacks
The Treasury Department accuses Suex OTC, S.R.O. of facilitating transactions involving illicit proceeds for at least eight ransomware variants, marking its first such move against a virtual currency exchange over ransomware activity.
Hackers use ransomware to take down systems that control everything from hospital billing to manufacturing. They stop only after receiving hefty payments, typically paid in cryptocurrency.
Attacks are increasing in scale, sophistication and scope, the Treasury said. In 2020 ransomware payments reached over $400 million, more than four times the level in 2019, Anne Neuberger, deputy national security adviser for cyber, told reporters on the call.
Need to mainstream green finance: RBI Dy governor
“As the risks and opportunities and financial impact arising from climate change vary across jurisdictions, this poses unique considerations for emerging economies like India.The challenge before us is to mainstream green finance and think of ways to incorporate the environmental impact into commercial lending decisions while simultaneously balancing the needs of credit expansion, economic growth and social development,” Rao said.
Small cars too need adequate number of airbags to ensure safety: Gadkari
Mostly, lower middle-class people buy small economy cars and “if their car won’t have airbags and when accidents happen, then it may result in deaths. So, I appeal to all car manufacturers to provide a minimum of six airbags across all variants and segments of the vehicle,” he said.
While acknowledging that additional airbags in small cars will increase their cost by at least Rs 3,000-4,000, Gadkari also said, “in our country, poor should also get protection (in case of road accidents)”.
Woman sues for right to freeze her eggs in Beijing
She is suing Beijing Obstetrics and Gynecology Hospital at Capital Medical University, a public hospital that forbids her from freezing her eggs, citing national law. Xu’s victory could mark an important step for unmarried women in China who want to access public benefits. Unlike in the U.S., though, court judgments in China do not rely on precedence.
EXPLAINER: Why World Bank is under fire over set of rankings
The report is important to many companies and investors around the world: They use the World Bank’s “Doing Business” report to help decide where to invest money, open manufacturing plants or sell products.
Eager to attract investment, countries around the world, especially developing economies, have sought to improve their rankings in the World Bank’s report.Sometimes, nations would pursue substantive policy changes — by, for example, making it easier for businesses to pay taxes, obtain loans or enforce contracts.
Tech giant Xiaomi patents earthquake monitoring mobile tech
The patent describes a system that is capable of reading/monitoring seismic activity from a mobile equipment. This technology would be used in detecting earthquakes, reports GizmoChina.
The ‘mobile device’ would transfer key data obtained to send it to an earthquake processing center.
The system would also permit the underlying processor to identify and predict earthquake events based on multiple readings, the report added.
Indianisation of our country’s legal system is need of the hour, says CJI Ramana
“For parties to understand the implication of the judgment they are forced to spend more money. Courts need to be litigant-centric as they are the ultimate beneficiaries. The simplification of justice delivery should be our pressing concern. It is crucial to make justice delivery more transparent, accessible and effective,” he said.
87% of Indian cos victims of security breach last year: Report
“While organisations are adapting to the hybrid approach thinking about both working from anywhere and application hosting, they continue to experience a high level of network breaches and facing ongoing connectivity and security challenges,” Murali Urs, Country Manager, Barracuda Networks India, said in a statement.
Bad for business: World Bank China rigging scandal rattles investors
Economists said such reports – by the World Bank and others – were useful but had long been vulnerable to manipulation. They said some governments, especially in emerging market countries who want to demonstrate progress and attract investment, could become obsessed with their position in the reports, which assess everything from ease of paying taxes to legal rights.